So, in theory a borrower could default in month 32 of a 36-month loan term and investors will receive the full credit for the origination fee.

因此，从理论上说，即使借款者是在36个月期限中的第32个月才发生违约，投资者依然将会收到全额返还的贷款发放费。

youdao

If a third-party lender is involved, SharesPost takes a 3% origination fee paid out of the loan proceeds, which is taken from the lender only.

FORBES: SharesPost Launches Lending For Startup Stock Options